Assistant Manager, Par Fund Management

About the role

This role focuses on the analysis and management of Participating (Par) Fund and Universal Life fund performance, supporting robust governance, monitoring and decision-making. It contributes to bonus and crediting rate recommendations and delivers management information to relevant committees, while maintaining strong controls and documentation.

Key responsibilities

• Support the Par Fund Management Lead in managing Participating and Universal Life funds, including monitoring processes and management initiatives.
• Support the annual bonus declaration for participating policies and the declaration of crediting rates for Universal Life policies.
• Support ALCO with production and enhancement of fund management information, analysis and reporting.
• Develop plans and controls to ensure policies are implemented with appropriate governance and auditability.
• Assist with developing, maintaining and enhancing processes, policies and frameworks for Par and Universal Life management.
• Support special projects, including ad-hoc analysis and stakeholder presentations.
• Maintain documentation, controls and version management for models, assumptions and methodologies.

Required profile

• Degree in Actuarial Science or equivalent.
• Good progress in actuarial examinations from a recognised professional body.
• At least 4 years of relevant actuarial experience, ideally in a senior actuarial position.
• Fluent professional English.
• Ability to guide junior team members and interns.

Required skills

• Good working knowledge of Prophet systems with hands-on actuarial modelling experience.
• Strong technical, analytical and problem-solving skills, working independently to a high standard.
• Excellent communication skills, explaining complex actuarial topics to non-technical stakeholders.
• Preferred: knowledge of Par funds and indexed products, and experience with data processing tools such as SQL/DCS.